Section 46: Accounts and audit.

(1) The Office shall cause to be kept and maintain proper books of accounts with respect to:
(a) all sums of money received and expended by the Office and matters in respect of which the receipt and expenditure take place;
(b) all the assets and liabilities of the Office and the Fund; and
(c) the income and expenditure statement of the Office.
(2) The financial year of the Office and the Fund shall end on 31 December of each year.
(3) The books of accounts of the Plant Breeders' Rights Office and the Fund shall be audited at the end of each financial year by the Accountant-General of the Federation and Auditor-General for the Federation.